Manufacturers Insurance Coverage
Tri-County Insurance Brokers has the expertise to work with you to recognize the risk, and put together a cost-effective insurance plan to protect your manufacturing operation.
In the manufacturing industry, responsibility for products does not stop after the item has safely left the manufacturing premises. A manufacturer is ultimately responsible for liability arising from the use of their product, broad liability coverage for injury or damages from its intended use, and in the design of the product. Manufacturers’ Errors and Omissions Liability insurance coverage is available either as a separate policy or an added extension. Tri-County Insurance has partnered with insurance companies that provide multi-coverage package policies with features specifically for the manufacturing industry. Here are a few examples that demonstrate the need for more than basic commercial property insurance when you are in the manufacturing industry:
Example 1: What if a production machine breaks down as a result of an insured peril and it cannot be fixed right away? What if a new machine will take several months to be assembled and delivered to your premises? Your business is impacted, you may have lost a major customer and income from their orders. Basic contents and equipment coverage will not cover this loss. Adequate Equipment Breakdown including production equipment insurance and Business Interruption insurance coverage is needed.
Example 2: Your company or a government agency may order that a product you manufactured be recalled due to a suspected defect or deficiency. Notifying the media, extra expense for temporary staff, inspection and shipping, storage and the return of the product alone may be costly. We have insurance packages available to include coverage for these kinds of expenses.
If you are looking for manufacturing insurance, contact our Tri-County Insurance business insurance brokers.
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At Tri-County Insurance we represent dozens of Canada’s best insurance companies. All provide competitive prices, excellent service and outstanding claims service. We will shop at all of these companies to get you the best insurance for your individual needs.